Compensation for cargo agreed to be shipped but unshipped (usually because it was unavailable for loading). In liner terms dead freight can also mean compensation due to a ship line because the shipper failed to meet a pre-agreed quantity commitment…
Read MoreDeadweight
The maximum carrying capacity of a ship, expressed in tons, of cargo, stores, provisions and bunker fuel. Deadweight is used interchangeably with deadweight tonnage and deadweight carrying capacity. A vessel´s capacity for cargo is less than its total deadweight tonnage.
Read MoreDeadweight cargo
Cargo of such weight and volume that a long ton (2.240 pound) is stowed in an area of less than 70 cubic feet.
Read MoreDeal breaker
A term or condition in a proposed transaction upon which negotiators for both sides cannot gain agreement and that can cause the transaction to fail. Deal breakers may relate to price, payment, terms, quality issues, etc.
Read More